Arkell, Ontario Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Arkell, Ontario is experiencing steady growth, with the median house price currently sitting at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable market with consistent appreciation in property values. Similarly, apartments are also seeing a positive trend with a median price of $300,000 and a 2.1% increase from the previous year.
Investment Opportunities and Potential
With the population of Arkell growing at a rate of 7.1%, there is an expanding demand for housing which presents robust investment opportunities. The steady increase in property values suggests that investments in both residential houses and apartment units hold potential for capital gains. Additionally, the continuous influx of residents could lead to increased rental demand, making buy-to-let properties an attractive option for investors seeking steady cash flow.
Future Market Outlook
The future outlook for Arkell’s real estate market appears promising. If the current trends continue along with the strong population growth, it is likely that both demand and property values will remain on an upward trajectory. This is particularly significant for long-term investors who may benefit from further appreciation in property prices and potential rental income growth. However, as with any investment, it’s important to remain aware of economic factors that could affect market stability such as interest rates, employment rates, and local development plans.
